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RDP 2000-05: A Small Model of the Australian Macroeconomy
Equation (1)
Δ
y
t
=
α
1
+
∑
i
=
2
7
α
2
i
r
t
−
i
+
α
3
y
t
−
1
+
α
4
y
t
−
1
U
S
+
α
5
s
t
−
1
+
α
6
(
Δ
y
t
−
1
+
Δ
y
t
−
2
)
+
α
7
∑
i
=
3
6
Δ
i
p
t
−
i
O
E
C
D
+
ε
t
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